Oil price

Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

The cost of subsidy on Premium Motor Spirit (PMS), also known as fuel, in Nigeria will rise in May should… Read More

1 year ago

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Despite Nigeria claiming the spot of the largest crude oil producer in Africa, it failed to meet its quota in… Read More

1 year ago

Crude Oil Falls Below $100, As American Firm Projects New Low

Brent crude oil fell on Wednesday below $100 after trading above the level since April last year. The depreciation in… Read More

2 years ago

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

Nigeria spent N947.51 billion on petrol subsidy within the first four months of this year, as rising crude oil price… Read More

2 years ago

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Crude oil price opened trading on Monday at a loss, falling -0.72%, but it level is still a problem to… Read More

2 years ago

Oil Price Falls To $70 A Barrel Amid Surge In Omicron Variant

Crude oil prices on Monday fell by 4 per cent over rising cases of the Omicron coronavirus variant in Europe… Read More

2 years ago

Oil Price Rises Above $81, Highest In 3 Years

OIL prices jumped above $81 on Monday, the highest in three years. Read More

3 years ago

Oil Price Falls To $72.39 As OPEC Expands Production

Oil prices witnessed a sharp fall on Monday after members and allies of the Organisation of Petroleum Exporting Countries agreed… Read More

3 years ago

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